Columbia Partners L L C Investment Management trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,742 shares of the transportation company’s stock after selling 8,006 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Delta Air Lines were worth $1,868,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in DAL. Capital Investment Advisors LLC boosted its holdings in Delta Air Lines by 36.4% in the second quarter. Capital Investment Advisors LLC now owns 6,397 shares of the transportation company’s stock worth $344,000 after acquiring an additional 1,706 shares in the last quarter. Bank of Montreal Can boosted its holdings in Delta Air Lines by 146.7% in the second quarter. Bank of Montreal Can now owns 1,296,839 shares of the transportation company’s stock worth $69,692,000 after acquiring an additional 771,109 shares in the last quarter. Banced Corp boosted its holdings in Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock worth $425,000 after acquiring an additional 96 shares in the last quarter. Bank of The West boosted its holdings in Delta Air Lines by 1.5% in the second quarter. Bank of The West now owns 271,184 shares of the transportation company’s stock worth $14,573,000 after acquiring an additional 3,898 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Delta Air Lines by 19.1% in the second quarter. State of Alaska Department of Revenue now owns 4,674 shares of the transportation company’s stock worth $251,000 after acquiring an additional 750 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines, Inc. (DAL) traded down $0.63 during trading on Friday, reaching $49.82. The company had a trading volume of 4,850,200 shares, compared to its average volume of 7,858,397. The stock has a market capitalization of $35,970.00, a PE ratio of 10.19, a PEG ratio of 1.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $55.75.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. Delta Air Lines’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. equities research analysts anticipate that Delta Air Lines, Inc. will post 5.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.45%.
Several research firms have commented on DAL. Barclays PLC began coverage on Delta Air Lines in a report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price on the stock. Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 target price on the stock. in a report on Monday, November 13th. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Wolfe Research upgraded Delta Air Lines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $63.00 price target (down previously from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $63.39.
In related news, Director George N. Mattson purchased 6,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average price of $45.44 per share, with a total value of $272,640.00. Following the completion of the acquisition, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Insiders have sold 200,001 shares of company stock valued at $10,630,333 in the last three months. 0.37% of the stock is currently owned by corporate insiders.
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Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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